Cardano (ADA) is in a downtrend, but buyers have been trying to keep the price above the moving average lines. The uptrend was rejected at the $0.44 resistance.
Cardano price Long-term forecasts: bearish
The cryptocurrency is currently falling downwards and could reach a low of $0.37. The upward correction is hindered by the $0.44 resistance. However, if ADA rises above the 50-day line SMA, it will rise above the moving average lines. Upside momentum could resume. ADA will likely be driven by buyers to retest the upper barrier at $0.60. In contrast, ADA /USD will be forced to trade in a range between the moving average lines if it fails to move above them. Cardano could fall to a low of $0.37 after a few days of sideways movement.
Cardano индикаторунун анализи
Cardano is at level 48 on the Relative Strength Index for the 14 period due to the recent decline. There is a possibility of sideways movement between the moving average lines as the price bars are between them. Cardano has fallen below the 20% area of the daily stochastic. This is a sign of bearish exhaustion.
техникалык көрсөткүчтөр
Негизги каршылык зоналары: $1.00, $1.20, $1.40
Негизги колдоо зоналары: $0.60, $0.40, $0.20
Cardano үчүн кийинки кадам кандай болот?
Cardano has fallen below the moving average lines on the 4-hour chart. At the time of writing, the price of ADA has fallen to a record low of $0.39. During the price drop on October 31, ADA turned up and a candlestick tested the 50% Fibonacci retracement level. The correction predicts that ADA will fall to the Fibonacci extension level 2.0 or $0.37.
Жоопкерчиликтен баш тартуу. Бул талдоо жана болжолдоо автордун жеке пикири жана cryptocurrency сатып алуу же сатуу боюнча сунуш эмес жана CoinIdol тарабынан жактыруу катары каралбашы керек. Окурмандар каражатка инвестициялоодон мурун өз алдынча изилдөө жүргүзүшү керек.
Source: https://coinidol.com/cardano-0-37-low/